Donald Trump to turn down $400,000 Presidential salary


President-elect Donald Trump has said he will not accept a salary as President in the White House. Trump said he "won't take one...

President-elect Donald Trump has said he will not accept a salary as President in the White House. Trump said he "won't take one penny" of the salary, which amounts to $400,000 a year.

Earlier in his Presidential bid, Trump told a crowd at his New Hampshire rally he wouldn't be accepting the salary if elected, saying: "The first thing I'm going to do is tell you that if I'm elected President, I'm accepting no salary, okay?".

Now, months later and winning the 45th Presidency in a landslide over Democrat rival Hillary Clinton, Trump is reassuring supporters he will not go back on that promise. If he declines the $400,000 salary, he will be just the third President to do so in American history. The only current two include Herbert Hoover, a Republican who made millions of the mining industry before running for President, and John F. Kennedy. Kennedy, elected in 1961, came from a wealthy family. Instead, both chose to donate their salaries to charity.

In September, Trump confirmed he would take any salary upon entering the White House through a Q&A with a twitter user who asked him: "Will you forgo the presidential salary if elected?". Trump replied in a video, saying "As far as the salary is concerned, I won't take even one dollar. I am totally giving up my salary if I become President". See the whole post by Trump on twitter below:

Trump has a reported $3.7 million networth, according to Forbes. During the first Presidential debate, Trump told the audience he profited $557 million this year in 2016. It's clear Trump doesn't necessarily need the $400,000 salary, as well as $50,000 monthly spending fees. The full U.S. Code on the Presidential salary reads: “The President shall receive in full his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his official duties.”

Many are speculating if Trump will donate the money to charity, such as Hoover did upon his election in 1929. Others have suggested he donates it to military aid, and some have said to give it back to the people. Trump is yet to comment on what specifics he will take with the salary, if any at all, but it seems as if he's focusing more on other issues. After election results that showed Trump win in landslide fashion, shocking the country as he overturned blue states like Ohio, Michigan, Florida, and Pennsylvania in his favor, angry Hillary Clinton supporters and Democrats took to the streets to protest. In hours, the seemingly peaceful protests turned violent, and police declared them as "riots", as protesters began turning over cars and igniting them on fire, throwing rocks through windows of businesses, and even shooting flares at police. The mayhem has since died out, but plenty of protesters are still demonstrating, with thousands of people in the streets of San Francisco, Berkeley, San Jose, and Oakland yelling through bullhorns and holding anti-Trump signs. While many Republicans have condemned the protesters, Trump took a different rhetoric, tweeting out Friday: "Love the fact that the small groups of protesters last night have passion for our great country. We will all come together and be proud!"

If Trump were to follow through and decline the $400,000 yearly salary provided to every sitting President, he would be turning down $1.6 million throughout a span of four years. If re-elected, that span could double, totaling out at $2.2 million. Turning down the salary would also mean Trump is not entitled to the post-term salary a President receives, even after leaving office under the Former Presidents Act. That yearly salary is $203,000, and likely to increase by 2020.

By Michael Marsh



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Political Outsource - Connect With The World: Donald Trump to turn down $400,000 Presidential salary
Donald Trump to turn down $400,000 Presidential salary
Political Outsource - Connect With The World
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